Mount Pleasant Now Development Corporation is located in Cleveland, OH. The organization was established in 1989. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2020, Mount Pleasant Now Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Pleasant Now Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Mount Pleasant Now Development Corporation generated $483.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $991.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SERVING WARDS 1,2,4 AND 6 OF THE CITY OF CLEVELAND AND OFFERS SERVICES SUCH AS HOUSING ASSISTANCE, CAREER ASSISTANCE, ARTIST OPPORTUNITIES, COMMUNITY EVENTS AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT- FOCUSES UPON PROACTIVE ERVICES TO GENERATE GOOD TENANT / MANAGEMENT RELATIONS, SOUND MAINTENANCE PROGRAMS, AND ON-GOING SEMINARS TO PROMOTE TENANT GROWTH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicholas Perry Executive Director | Officer | 40 | $73,928 |
Ronald A Beckett Sr Vice President | Officer | 6 | $0 |
Traci L Pinkney Secretary | Officer | 6 | $0 |
Gwenn Penn President | Officer | 6 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $53,947 |
All other contributions, gifts, grants, and similar amounts not included above | $54,539 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $108,486 |
Total Program Service Revenue | $54,397 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $320,480 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $483,363 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $73,928 |
Compensation of current officers, directors, key employees. | $18,482 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $257,630 |
Pension plan accruals and contributions | $2,392 |
Other employee benefits | $48,341 |
Payroll taxes | $67,131 |
Fees for services: Management | $6,465 |
Fees for services: Legal | $1,266 |
Fees for services: Accounting | $86,422 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $19,051 |
Advertising and promotion | $9,012 |
Office expenses | $11,749 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $46,849 |
Travel | $10,640 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $357 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $183,841 |
Insurance | $22,985 |
All other expenses | $0 |
Total functional expenses | $991,794 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$6,221 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $95,603 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $275,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $4,284,663 |
Investments—publicly traded securities | $500 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,649,545 |
Accounts payable and accrued expenses | $753,775 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,318,340 |
Unsecured mortgages and notes payable | $81,447 |
Other liabilities | $0 |
Total liabilities | $2,153,562 |
Net assets without donor restrictions | $2,495,983 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,649,545 |
Over the last fiscal year, we have identified 2 grants that Mount Pleasant Now Development Corporation has recieved totaling $30,000.
Awarding Organization | Amount |
---|---|
Saint Lukes Foundation Of Cleveland Ohio Cleveland, OH PURPOSE: THE MT. PLEASANT NOW 2020 ACTION PLAN | $15,000 |
Tides Center San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $15,000 |
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